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weird market behavior
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Qmamoto Kansuke
Killing with pink power
Penguins with lasorz
#1 - 2014-08-08 13:50:10 UTC
Today i met a guy(checked him twice to confirm its the same guy), that once he had the lowest sell order updated his sell order 3times to lower price, while he wasn't outbid for like 3hours by anyone.Why would you need to lower your sell order if you see you have no competitors?My first thoughts were this guy is either drunk or ...
but then i decided to check here to see if someone can explain this behavior in a way that might be more reasonable.Ugh

Meanwhile post your weird market storiesLol
De'Veldrin
Republic University
Minmatar Republic
#2 - 2014-08-08 14:36:45 UTC
Anytime I notice weirdness like that in the market, I assume it's eaither a poorly written bot or a scam.

Maybe I'm just cynical and paranoid.

De'Veldrin's Corollary (to Malcanis' Law): Any idea that seeks to limit the ability of a large nullsec bloc to do something in the name of allowing more small groups into sov null will inevitably make it that much harder for small groups to enter sov null.
Gor Yo
Taxes Shmuckses
#3 - 2014-08-08 14:41:38 UTC
either a lazy bot which doesnt check the price before updating it, or someone who doesnt have his orders highlighted (option in market window), so just updates the order thinking it was undercut.
TheSmokingHertog
Julia's Interstellar Trade Emperium
#4 - 2014-08-08 14:49:23 UTC
maybe its someone who does not understand that regional prices have no relation to your sell position to the station price

"Dogma is kind of like quantum physics, observing the dogma state will change it." ~ CCP Prism X

"Schrödinger's Missile. I dig it." ~ Makari Aeron

-= "Brain in a Box on Singularity" - April 2015 =-
Cyniac
Federal Navy Academy
Gallente Federation
#5 - 2014-08-08 17:01:02 UTC
Or maybe someone hoping to make a faster sale by dropping price (this might be the case if the sell order dropped substantially - really no reason here to 0.01 isk oneself)
HeXxploiT
Doomheim
#6 - 2014-08-08 17:11:28 UTC
If I'm understanding your english correctly...sounds like someone attempting to artificially lower prices so that the individual can buy quantities at a lower cost.
Atkyaz Dreadstalker
Killer Sea Monkeys
#7 - 2014-08-12 02:21:04 UTC
HeXxploiT wrote:
If I'm understanding your english correctly...sounds like someone attempting to artificially lower prices so that the individual can buy quantities at a lower cost.

LOL, done that many times myself. Stupid how some traders just keep chasing you down, As soon as an order pops below my price with enough volume, cash out, and look for the next item on the list.
Sabriz Adoudel
Move along there is nothing here
#8 - 2014-08-12 03:53:25 UTC
Are they selling small quantities?

If so, they probably also have a very, very large buy order listed.

Here's an example I have done before (at the time, market price on Ogre II was 700k buy, 780k sell, and I have 100 in stock):

- Place buy order, 701k, 1000 units
- Place sell order, 779k, 60 units, in the hub station
- Place sell order, 750k, 1 unit, in a nearby lowsec station
- Place sell order, 749999.99, 6 units, in the hub. (This item is almost always bought in lots of 5 or 10)
- Place sell order, 749000 ISK, 5 units, in the hub.
- Keep 28 units in stock. These replace the orders of 1/5/6 cheap units as needed. I consider each sale of these to be a waste of effort at best, maybe even a loss.

Here I'm manipulating the price down. I *want* my competitors to undercut my 749999.99 order, and to undercut it with large, large stacks. Then, I counter-undercut again, to 740k. Then, I buy the competitors out entirely, and relist the stock at 800k.

I support the New Order and CODE. alliance. www.minerbumping.com
Tajic Kaundur
Collapsed Out
Pandemic Legion
#9 - 2014-08-13 08:27:41 UTC
I've done this myself, usually undercutting my previous orders by 1 cent.

There's a program out there- called Elinor- which will, when you hit "export" on the market window, read the data for the lowest sell order (or highest buy order, depending on the mode) in your current station, reduce the price by 1 cent, then put the new price into your copy-paste.

So to update my prices on everything, I just quickly right-click, "modify order", right-click, view market details, export, ctrl-v, enter, back to order window. I just blitz through every order I have and quickly update them all.

Yes, this means I undercut myself by 1 cent sometimes.

I don't exactly care about 1 cent, since most things I move are in quantities of under 100 units- that's less than 1 ISK. Even on things like ammo, where I sometimes move up to 5 million units at once, that's still only 50K isk every time I undercut myself, and while that's more significant and I actually pay attention while updating the larger orders, for bigger traders that might not be a big deal.

So it could be a bot. It could be someone like me just trying to get through the tedium of fixing orders quicker and taking a shortcut.